Deel News

Deel update: Deel Advance, new currencies & crypto withdrawals

Back to blog
January 13, 2021
Contents
Hiring independent contractors on Deel
Hiring full-time employees on Deel
How do payments happen on Deel?
Deel is free for contractors
Deel pricing for companies
See Deel in action
You pay for Deel now, yes?
Try Deel
Back to blog

We've been working on some updates designed to give you more payment flexibility. Get your salary when you need it, in the currency you prefer, with fewer fees and hassle.

We’ve launched Deel Advance for pay as you go contracts

A few weeks ago, we launched Deel Advance, giving remote workers access to their money whenever they need it. No crazy interest rates, confusing T&C's, or late repayment fees. Previously only customers on a fixed contract could access this feature.

Now, Deel Advance is also available to everyone on a pay as you go contract. Advances are free up to $100 until the end of December, and for anything higher, we only charge a small, one-time fee, with no interest. Apply here.

Withdraw your earnings in Crypto in seconds

Money transfers across borders usually get sent via SWIFT, also known as a wire transfer. These payments can be expensive and sometimes take days to arrive. Fees sometimes even add up to $40. That's where Deel Crypto comes in.

Deel Crypto eliminates these fees. You can now withdraw your paycheck fast, free, and, most importantly, all in Crypto. All you need to do is decide is whether you want to cash out in Bitcoin (BTC), Ether (ETH), or Ripple (XRP) directly to your Coinbase account.

Get paid in seven new contract currencies

We’ve launched seven new contract currencies on Deel. Now more contractors can get paid in their chosen currency without any exchange fees or markups.

  • Colombian peso
  • Argentine peso
  • Chilean peso
  • Peruvian sol
  • Nigerian Naira
  • New Taiwan dollar
  • Philippine peso

That's it for this month's update

Deel Advance

Access your money, when you need it

If you’re paid via Deel, you can receive your salary up to 30 days early, without insane interest rates, confusing T&C’s and late repayment fees.

Learn more

Hiring remotely?

Legally hire anyone, anywhere in the world, run payroll in 100+ currencies.

Deel's partnered with 100+ labor law experts so you can pick from the library of localized contract templates and legally onboard your international teammate in minutes.

From onboarding to payroll, Deel team has you covered.